date:Jul 17, 2012
The report highlights that during the past year the FSA has continued to make progress in meeting the Westminster Spending Review 2010 target of making by 2014/15 real-term savings of 33% in administration and 18% in programme expenditure.
By the end of 2011/12, against the 2010/11 baseline budget of 118m, costs have been reduced by 27m. This represents cash savings of 8m (16%) in administration and 19m (28%) in programme expenditure.
While making these savings, the FSA has continued to deliver